Price decreases cause no change in a household's choice set.
Answer the following statement true (T) or false (F)
False
Economics
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Consider the country of Inland. In Inland, people's average tax rates decrease with the level of income. Inland has a ________ tax structure
A) progressive B) regressive C) proportional D) flat-rate
Economics
When discrimination occurs as a result of employer prejudice, discriminating firms do not maximize profits
a. True b. False Indicate whether the statement is true or false
Economics
About one out of every _______ whites is poor.
Fill in the blank(s) with the appropriate word(s).
Economics
Every economy has a(n) _______ given by the fundamental factors of growth.
A. actual inflation rate B. actual growth rate C. potential growth rate D. potential inflation rate
Economics